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KeyCorp Builds Lockbox Imaging.(offers Key2Image Lockbox, digital images of documents)(Brief Article)

Mortgage Servicing News

| September 01, 2002 | COPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KeyCorp announced it has launched a new lockbox imaging product that enables users to utilize and process images related to accounts receivable.

The product is part of Key's multimillion dollar upgrade of its lockbox platform, the company said.

Key2Image Lockbox, an electronic-based product that gives users digital images of checks and other documents, offers more timely payment reconciliation, reduces back-office storage needs and provides better document image clarity, the company said. Currently, the product is available to clients in a CD-ROM format. A real-time, Internet- based imaging option will be introduced in the coming months through Key's cash management treasury portal, KeyTotalTreasury.

The imaging product is available at each of Key's four wholesale lockbox processing sites, located in ...

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Source: HighBeam Research, KeyCorp Builds Lockbox Imaging.(offers Key2Image Lockbox, digital...

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